Recent activity around the ONDO token has grabbed the attention of major investors. Reports indicate a substantial purchase by World Liberty Financial.
World Liberty Financial Acquires ONDO
According to SpotOnchain, World Liberty Financial, owned by former US President Trump, spent $470,000 USDC to purchase 342,000 ONDO tokens at an average price of 1.37 per token. ONDO has dropped by 15% in the past week, trading at $1.36. Such purchases indicate confidence in the asset’s growth potential among large crypto holders.
ONDO Price Updates
Amidst the broader market downturn, the prices of Bitcoin and Ethereum have also declined. Despite this downward trend, ONDO has witnessed a yearly growth and remains in focus due to recent price fluctuations.
Launch of Ondo Chain Protocol
On February 6, Ondo Finance launched a new L1 protocol, Ondo Chain, to increase institutional adoption of tokenized assets. The new platform aims to integrate traditional and decentralized finance.
The growing interest of major investors in ONDO amidst current market fluctuations and ecosystem developments promises a positive outlook for the token's future.
